Good to go still ? Breakout seen…..
Following up from precious call, we have indeed seen Parkson Retail headed to a high of 0.22 before some profit taking and back to it month long consolidation again. It has found some support around the 0.190 level over the past few weeks before a move back above the 0.200 resistance yesterday again. Any breakout above the 0.22 – 0.225 resistance can see it find a new high again with momentum returning with MACD still hovering above the zero mark. Target would be to 0.25 then 0.30 on this move short term.